Early-stage 2023 investment activity expected to exceed $482M


Early-stage 2023 investment activity expected to exceed $482M

early-stage-investmentEarly-stage investment activity in Wisconsin last year is expected to exceed $482 million once the final count is complete, according to an expert with the Wisconsin Technology Council.

Speaking yesterday during a Tech Council event in Madison, Investor Networks Director Joe Kremer shared preliminary investment deal figures for 2023. In line with the national trend, in-state investment activity last year was lower than in the two previous years, but is likely to surpass the total for 2020 as the final deals are tallied, he said.

The Tech Council’s current estimate for last year is about $482 million, including 85 deals. But the Wisconsin Economic Development Corp. in the coming months will be reporting more deals from last year that qualified for tax credits through the agency’s Qualified New Business Venture program, Kremer noted.